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License Agreement For Software Product
"I need a License Agreement For Software Product to license my new mobile banking application to financial institutions in the United States, with specific data security provisions and compliance with banking regulations, planned for release in March 2025."
1. Parties: Identification of licensor and licensee with full legal names and addresses
2. Background: Context of the agreement including purpose and brief description of the software product
3. Definitions: Key terms used throughout the agreement including Software, Documentation, Intellectual Property Rights, etc.
4. License Grant: Scope and nature of the software license, including permitted uses and territory
5. License Restrictions: Specific limitations on use of the software, including prohibited activities
6. Intellectual Property Rights: Ownership and protection of IP, including copyright notices and trademark usage
7. Term and Termination: Duration of agreement, renewal terms, and conditions for termination
8. Warranties and Disclaimers: Product warranties and limitations, including functionality guarantees
9. Limitation of Liability: Scope of liability restrictions and damage caps
1. Payment Terms: Financial terms including license fees, payment schedule, and late payment consequences
2. Support and Maintenance: Terms for technical support, updates, and maintenance services
3. Data Protection: Privacy and data handling terms, including GDPR compliance if applicable
4. Export Controls: Export compliance terms and restrictions for international distribution
1. Schedule 1 - Software Description: Detailed technical specifications and features of the software product
2. Schedule 2 - Service Level Agreement: Performance metrics, response times, and service standards
3. Schedule 3 - Fee Schedule: Detailed pricing information including license fees and payment terms
4. Schedule 4 - Technical Requirements: System requirements, compatible platforms, and technical specifications
Authors
Authorized Users
Confidential Information
Documentation
Effective Date
Intellectual Property Rights
License Fee
License Term
Licensed Software
Licensee
Licensor
Maintenance Services
Open Source Software
Party/Parties
Software Updates
Source Code
Support Services
System Requirements
Technical Specifications
Territory
Third-Party Software
User Data
Updates
Upgrades
Use
Warranty Period
Works
Intellectual Property Rights
Restrictions and Limitations
Payment Terms
Confidentiality
Warranties
Liability
Indemnification
Term and Termination
Assignment
Force Majeure
Technical Support
Maintenance
Data Protection
Security
Export Controls
Audit Rights
Governing Law
Dispute Resolution
Notices
Integration
Severability
Non-Waiver
Amendments
Survival
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Genie’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; Genie’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
Our bank-grade security infrastructure undergoes regular external audits
We are ISO27001 certified, so your data is secure
Organizational security
You retain IP ownership of your documents
You have full control over your data and who gets to see it
Innovation in privacy:
Genie partnered with the Computational Privacy Department at Imperial College London
Together, we ran a £1 million research project on privacy and anonymity in legal contracts
Want to know more?
Visit our Trust Centre for more details and real-time security updates.
Read our Privacy Policy.